The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021, a windfall that could transform the structure of the industry as those earnings are reinvested, shipping i

Chinese steel rebar and hot rolled coils futures jumped on Thursday, as demand for the most traded May deliveries are expected to recover from the weak consumption season. The most active construction rebar futures on the Shanghai Futures E

Memorandum of Understanding emphasizes the collaboration of Power Barge or Floating LNG to Power projects worldwide MAN Energy Solutions signed a Memorandum of Understanding (MOU) with Wison Offshore Marine regarding the strategic collabora

Hege Solstad has joined Inchcape Shipping Services as Vice President Commercial for the Europe Region. Chief Commercial Officer Christopher Crookall commented: We are delighted to announce that Hege Solstad joins Inchcape as Vice President

EU gas storage levels are starting the heating season with a sharp draw, both on a percentage and an absolute level. Insufficient Russian pipeline flows alongside fierce competition for seaborne LNG has meant demand is outstripping supply f

On December 1, Ningbo Zhoushan Port announced the Ningbo Zhoushan Port Foreign Trade Import and Export Container Port Charge List (Version 202111), which will be implemented from January 1, 2022. According to the list of charges published b

On November 30, CSSC Carnival (Shanghai) Cruise Shipping, the largest cruise company in China jointly established by China State Shipbuilding Corporation and Carnival Group, officially settled in Baoshan District, Shanghai. It marks the arr

Export Finance Norway (Eksfin) has reached a new milestone of NOK 10.3bn (EUR 1.04bn) in loans and guarantees for offshore wind projects worldwide. Its latest loan guarantee relates to a converter platform contract awarded to Norwegian supp

On November 29, Dalian Shipbuilding Industry, a subsidiary of CSSC, completed the LNG bunkering of the 300,000DWT LNG dual-fuel VLCC91 built for COSCO SHIPPING Energy Transportation, which marked that DSIC has taken substantial steps in the

The CMA CGM Group, a world leader in shipping and logistics, was awarded one of the Top 10 Shipping Companies with Outstanding Contribution by the Ningbo Port Group, thanks to our achievements in transshipment in 2021. This is a great recog

The latest twist in ocean shippings COVID saga: The new global threat from the omicron variant is being layered on top of existing fallout from delta-variant outbreaks in Europe and Asia. Assuming omicron is not a false alarm, its more bad

Global trade is expected to be worth about $28 trillion this year an increase of 23 per cent compared with 2020 but the outlook for 2022 remains very uncertain, UN economists said on Tuesday. This strong growth in demand for goods, as oppos

The HF Spirit, a freighter sailing from Jakarta, capital of Indonesia, arrived at the Qinzhou Port in South Chinas Guangxi Zhuang autonomous region on Nov 20, bringing five reefer containers filled with fresh fruit. Indonesias bananas, mang

Danish shipping giant A.P. Moller-Maersk will be giving $1,000 to each of its 80,000 employees (approximately), as the worlds largest container liner is heading towards record profits in 2021. The bonus will reportedly be provided along wit

On 22 November, Alfa Laval and Wallenius finalized the 50/50 joint venture that will take Oceanbird wind power solutions from cutting-edge marine concept to commercial reality. With Niclas Dahl as Managing Director, the partnership will mak